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Miscellaneous_Word_Problems/510130: Your club is selling candles to raise money. It costs $100 to rent a booth to sell candles. If the candles cost $1 each and are sold for $5 each, how many candle must be sold to equal your expenses? 1 solutions
Answer 341727 by solver91311(16897) on 2011-10-05 18:24:26 (Show Source):
You can put this solution on YOUR website!
The cost as a function of the number of candles bought is 1 dollar per candle bought plus 100 dollars for the rental of the booth.
Let represent the number of candles bought, then .
Let represent the number sold and this number is restricted to since you can't sell more than you buy.
The revenue received is 5 dollars per candle sold, so the revenue function is
Profit is Revenue minus Cost, so:
Breakeven, that is when profit equals zero is when cost equals revenue:
Now if what you really wanted to know (but didn't ask, or didn't communicate effectively anyway) is what is the number to buy such that if you sell them all, you break even? For that, you set , that is:
Now just solve for .
Note that if you only buy that many, the BEST you can do is break even. Since the general idea of any business venture, whether for profit or for charity, is to make money, you have to buy more than this. However, this comes with risk. The more you buy, the more you have to sell in order to turn a profit. What you really need now is the services of a market research firm that can tell you, within certain statistical limits, what your demand function is. That is, at any given price point within some sort of reasonable limits, how many candles you can expect to sell.
John

My calculator said it, I believe it, that settles it
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Rectangles/510106: A CLASS OF 42 STUDENTS AND 2 TEACHERS PLAN A TRIP TO AN OBSERVATORY. THE CLASS RAISED $485 FOR TGE TRIP. ADMISSION IS $5 PER PERSON AND THE BUS RENTAL IS $230. WITH THE REMAINING MONEY, THE CLASS CAN INVITE GUEST TO FILL THE REMAINING SEATS ON THE BUS. WRITE AND SOLVE AN EQUATION TO FIND THE NUMBER OF GUEST THE CLASS CAN INVITE. LET THE G REPRESSNT GUEST
1 solutions
Answer 341701 by solver91311(16897) on 2011-10-05 17:22:01 (Show Source):
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Angles/509951: The leght of a rectangular road sing is 2 feet less than three times its width. Find the dimensions if the perimeter is 28 feet. 1 solutions
Answer 341670 by solver91311(16897) on 2011-10-05 13:36:16 (Show Source):
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Probability-and-statistics/509903: here is the problem-
A bowl contains 9 red marbles, 5 white marbles, and 3 blue marbles. If a person selects one marble from the bowl at random and draws a red marble, they lose $1.00. If a white marble is selected, they win $2.00, and if a blue one is selected, they win $3.00. WHat is the expected profit or loss for a person playing this game?
I have done this a few different ways and am still not sure of what the question is really asking me. 1 solutions
Answer 341649 by solver91311(16897) on 2011-10-05 12:28:47 (Show Source):
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Proportions/509904: My friend and I are mixing blue and white paint in order to get a lighter shade of blue.I use 2 cups of blue paint and 1 cup of white paint. my friend uses 3 cups of blue paint and 2 cups of white paint. Which mixture is darker? 1 solutions
Answer 341647 by solver91311(16897) on 2011-10-05 12:12:38 (Show Source):
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Triangles/509847: Thank you in advance. Need help, textbook show lousy examples to explain process needed to solve problem. This problem is confusing to me, The triangle appears to be scalene, there are no cong.sides of this triangle picture of the graph in the book.
The question is Triangle ABC has vertices A(0,8), B (6,0), C(15,0)
(B and C lie on the same line in the diagram, A is angled up toward the left then angles down to meet C)
USE THE DISTANCE FORMULA to find;
AB=
AC=
BC=
what is the perimeter of triangle ABC=_____
what is the area of triangle ABC=______square units. 1 solutions
Answer 341645 by solver91311(16897) on 2011-10-05 12:06:14 (Show Source):
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Miscellaneous_Word_Problems/509606: Write an equation and solve for the word problem: Rico spent $18.50 to rent a lawn mower. The fee for the first hour was $8. Each additional hour cost $3.50. For how many hours did he rent the mower?
I figured out the answer is 4 hours, but what is the equation that goes with this word problem? 1 solutions
Answer 341508 by solver91311(16897) on 2011-10-04 20:59:10 (Show Source):
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Finance/509587: how do you get 9.43 from the square root of 89 1 solutions
Answer 341506 by solver91311(16897) on 2011-10-04 20:53:43 (Show Source):
You can put this solution on YOUR website!
You don't. Saying is incorrect. In fact, saying , which is the answer the built-in Windows calculator gives, is also incorrect. Both are approximations, although one is much closer than the other. Since is an irrational number it is impossible to write it exactly as a decimal fraction. On the other hand, 9.43 is probably close enough for most purposes.
Just looking at and not having a calculator, one way to go about it is to recognize that and , and since , . Then 89 is a little less than half-way from 81 to 100, so if you try 9.5 times 9.5 to get 90.25 (too big) and 9.4 times 9.4 to get 88.36 (too small), you know you have to be somewhere in between. Keep refining to as many decimal points as you like.
John

My calculator said it, I believe it, that settles it
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Travel_Word_Problems/509517: Amanda drove 50 miles. She decreased her speed by 20 mph and drove another 5 miles. If the entire trip took one hour and thirty minutes, at what rate(s) did Amanda drive? 1 solutions
Answer 341497 by solver91311(16897) on 2011-10-04 20:28:43 (Show Source):
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